Ainsworth Game Technology to be Fully Acquired by Novomatic

The latest update is out from Ainsworth Game Technology Limited ( (AU:AGI) ).

Ainsworth Game Technology Limited has entered into a Scheme Implementation Deed with its majority shareholder, Novomatic, to acquire the remaining 47.1% of Ainsworth’s share capital that Novomatic does not already own. This acquisition, valued at approximately A$336.8 million, offers a 35% premium on Ainsworth’s last closing price and is expected to provide attractive value to minority shareholders. The scheme is subject to customary conditions, including shareholder and court approvals, and is backed by Ainsworth’s Independent Board Committee, which recommends the scheme in the absence of a superior proposal.

More about Ainsworth Game Technology Limited

Ainsworth Game Technology Limited operates in the gaming industry, focusing on the design, development, and manufacturing of gaming machines and related equipment. The company is known for its innovative gaming solutions and has a significant presence in various international markets.

YTD Price Performance: -2.91%

Average Trading Volume: 77,003

Technical Sentiment Signal: Buy

Current Market Cap: $159.7M

See more data about AGI stock on TipRanks’ Stock Analysis page.